Tampa General Hospital has reached a settlement in a breach of contract lawsuit in which it was alleged that at least one if not several of its employees were responsible for unauthorized access of patient records. In settling the case, the hospital will not only contribute $10,000 to a settlement fund, but will also cover the costs of one year's worth of credit monitoring among the group's members as well.
We live in an era in which entrepreneurial insight and technology are ever-evolving. As a result, companies rush to be the first to introduce their products to the market and more employees are coming into trade secrets than ever before. Because of this, more and more employers are asking their employees to sign non-competition agreements before they are hired to start working for them.
Real estate and commercial property contracts involve both private and public interests. This post will discuss the differences in the bidding process between a public and private contract. If you are a contractor that operates primarily with private companies and you are considering a bid for a government contract, you will want to modify your approach to ensure that you comply with all the prescribed rules. Conversely, if you are accustomed to working with government entities, you will want to relax your bid process because you are likely providing more information that necessary spending more money on the bid than your competitors.
Contracts keep the business world together. They ensure that each party holds up its end of the bargain and that transactions go smoothly. But what happens when a party on one side of the agreement decides to not to live up to the guidelines set forth in the contract? In legal terms, that's what's called a breach of contract. When that occurs, there are several ways in which the injured party can be made whole again.
Indemnification clauses are common in many leases. Indemnification clauses act as "poison pill" provisions to discourage unscrupulous property owners from shirking their obligations under the lease. Since they are such a prolific part of lease agreements, this pot will go over how indemnification clauses work and what they may mean for your leases.
Contracts are the bread and butter of the business. They enable companies to cooperate, exchange goods and services, and make a profit. That means, when a breach of contract occurs, the core building block of business has broken down. As discussed in a previous post, a breach of contract occurs when one party refuses to fulfill their reciprocal obligations under the contract. This post will go over alternative solutions once a breach occurs.
You may know her as the newscaster in "Being Mary Jane," or the DEA agent from "Bad Boys II." For many of us Floridians, she's the wife of Miami Heat legend Dwyane Wade. However you know her, she's been in the news lately because of a very public contract dispute with the BET television network.
Contracts are an indispensable part of doing business. Yes, handshakes and verbal agreements will work in some rare instances, but having a written contract is the best way to protect your business from potentially unscrupulous companies and people. If a contract dispute does come up and your contract is sound, you'll have nothing to worry about.
Contracts are the glue that hold business together in this country. A handshake and a verbal agreement may work in some rare cases, but a written contract can delve into details that no friendly arrangement can cover. In fact, those little details can mean the difference between a smooth working relationship and total disaster.
In medieval times, the economy relied on apprenticeships to graduate craftsmen into the workforce. A master would agree to train an apprentice in exchange for low-wage labor for a few years to help the apprentice learn the trade. At the end of the period, the apprentice graduated and was considered a journeyman. To maintain control of the market, the master might want to prevent the journeyman he trained for years from practicing the craft within a certain area.